March T-bonds closed down 6/32's at 125-22.

March T-bonds closed lower on Monday as it extends last Friday's breakout below the 50% retracement level of the October- December rally crossing at 126-16. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, the 62% retracement level of the October-December rally crossing at 122-28 is the next downside target. Closes above the 20-day moving average crossing at 130-15 are needed to confirm that a short-term low has been posted.

First resistance is the 10-day moving average crossing at 127-14. Second resistance is the 20-day moving average crossing at 130-15. First support is today's low crossing at 125-06. Second support is the 62% retracement level crossing at 122-28.

ENERGY MARKETS

March crude oil closed lower on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday.

Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near- term. If March extends this year's decline, December's low crossing at 38.00 is the next downside target. Closes below December's low crossing at 38.00 would open the door for a possible test of psychological support crossing at 30.00 later this winter. Closes above the 20-day moving average crossing at 42.40 would temper the near-term bearish outlook in the market.

Closes above the reaction high crossing at 48.59 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 42.40. Second resistance is the reaction high crossing at 48.59. First support is last Friday's low crossing at 38.60. Second support is December's low crossing at 38.00.

March heating oil closed lower on Monday due to profit taking as it consolidates below the 10-day moving average crossing at 137.04. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or is near. Multiple closes above the 20-day moving average crossing at 140.29 are needed to confirm that a short-term low has been posted. If March renews last month's decline, December's low crossing at

123.96 is the next downside target. First resistance is the 20-day moving average crossing at 140.29. Second resistance is the reaction high crossing at 148.13. First support is last Friday's low crossing at 129.80. Second support is December's low crossing at 123.96.

March unleaded gas closed slightly lower on Monday due to profit taking as it consolidates some of last week's rally. The low- range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends last week's rally, the reaction high crossing at 129.90 is the next upside target. Closes below January's low crossing at 106.80 would temper the near-term friendly outlook in the market. First resistance is the reaction high crossing at 129.90. Second resistance is the reaction high crossing at 131.83. First support is last Monday's low crossing at 109.17. Second support is January's low crossing at 106.80.

March Henry natural closed higher on Monday as it extended last Friday's breakout above the 20-day moving average crossing at 4.702. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends this month's rally, broken support crossing at

5.282 is the next upside target. Closes below the 10-day moving average crossing at 4.574 are needed to signal that a short-term low has been posted. First resistance is today's high crossing at 4.880. Second resistance is broken support crossing at 5.282.

First support is today's low crossing at 4.638. Second support is the 20-day moving average crossing at 4.574.

CURRENCIES

The March Dollar closed lower on Monday due to profit taking and below the 20-day moving average crossing at 85.69. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 84.02 are needed to confirm that a short-term top has been posted. If March renews the rally off December's low, fib resistance crossing at 88.37 is the next upside target. First resistance is last Friday's high crossing at 86.64. Second resistance is the reaction high crossing at 86.97. First support is today's low crossing at 84.66. Second support is the reaction low crossing at 84.02.

The March Euro closed higher on Monday due to short covering as it consolidated some of last week's decline. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning bullish signaling that a low is in or is near. Closes above the 20-day moving average crossing at 130.169 are needed to confirm that a short-term low has been posted.

If March extends this year's decline, fib support crossing at 126.441 is the next downside target. First resistance is the 20-day moving average crossing at 130.169. Second resistance is last Wednesday's high crossing at 130.630. First support is last Monday's low crossing at 126.980. Second support is fib support crossing at 126.441.

The March British Pound closed higher on Monday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If March extends this rally, January's high crossing at 1.5356 is the next upside target. Closes below the 20- day moving average crossing at 1.4354 are needed to confirm that short-term top has been posted. First resistance is today's high crossing at 1.4979. Second resistance is January's high crossing at 1.5356. First support is the 10-day moving average crossing at 1.4457. Second support is the 20-day moving average crossing at 1.4354.

The March Swiss Franc closed slightly higher due to short covering on Friday as it consolidates above the 75% retracement level of the December-January rally crossing at .8554. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, broken resistance crossing at .8495 is the next downside target. Closes above the 20-day moving average crossing at .8736 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at .8736. Second resistance is last Tuesday's high crossing at .8778. First support is last Friday's low crossing at .8519. Second support is broken resistance crossing at .8495.

The March Canadian Dollar closed higher on Monday as it extends last Friday's rally. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term.

If March extends today's rally, the reaction high crossing at 83.14 is the next upside target. Closes below the 20-day moving average crossing at 80.93 would temper the near-term friendly outlook. First resistance is today's high crossing at 82.48.

Second resistance is last Wednesday's high crossing at 81.79. First support is today's low crossing at 81.27. Second support is last Friday's low crossing at 79.68.

The March Canadian Dollar closed higher on Monday as it extends last Friday's rally. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term.

If March extends today's rally, the reaction high crossing at 83.14 is the next upside target. Closes below the 20-day moving average crossing at 80.93 would temper the near-term friendly outlook. First resistance is today's high crossing at 82.48.

Second resistance is last Wednesday's high crossing at 81.79. First support is today's low crossing at 81.27. Second support is last Friday's low crossing at 79.68.

The March Japanese Yen closed higher due to short covering on Monday as it consolidated some of last week's decline. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If March extends last week's decline, January's low crossing at .10567 is the next downside target. Closes above last Tuesday's high crossing at .11300 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at .11090. Second resistance is the 20-day moving average crossing at .11147. First support is today's low crossing at .10829. Second support is January's low crossing at .10567.

PRECIOUS METALS

April gold closed lower on Monday and below the 10-day moving average crossing at 905.20 signaling that a short-term top has likely been posted. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought, diverging and are neutral hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 876.70 would confirm that a short-term top has been posted. If April extends this year's rally, October's high crossing at 938.20 is the next upside target. First resistance is the reaction high crossing at 931.30. Second resistance is October's high crossing at 938.20. First support is today's low crossing at 891.90. Second support is the 20-day moving average crossing at 876.70.

March silver posted an inside day with a lower close on Monday as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, the 38% retracement level of last year's decline crossing at 13.376 is the next upside target. Closes below the 20-day moving average crossing at

11.813 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 13.180. Second resistance is the 38% retracement level crossing at 13.376. First support is the 10-day moving average crossing at 12.478.

Second support is the 20-day moving average crossing at 11.812.

March copper closed lower on Monday due to profit taking after spiking above the upper boundary of this year's trading range crossing at 163.10. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above today's high crossing at 165.50 are needed to confirm a trading range breakout and renew the rally off December's low. Closes below the reaction low crossing at 137.30 would confirm a trading range breakout while opening the door for a possible test of December's low crossing at 125.50. First resistance is today's high crossing at 165.50. Second resistance is the reaction high crossing at 173.35 First support is last Friday's low crossing at 150.85. Second support is last Monday's low crossing at 139.90.

FOOD & FIBER

March coffee closed higher on Monday and above the 10-day moving average crossing at 11.995 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If March extends today's rally, January's high crossing at 12.340 is the next upside target. Closes below last Thursday's low crossing at 11.410 would confirm that a short- term top has been posted.

March cocoa posted a downside reversal on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought, diverging and are neutral hinting that a short-term top might be in or is near.

If March extends this month's rally, the reaction high crossing at 29.80 is the next upside target. Closes below the 20-day moving average crossing at 26.44 would temper the near-term friendly outlook in the market.

March sugar closed higher on Friday and above the 50% retracement level of last fall's decline crossing at 13.14. The high- range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, the 62% retracement level of the August- October decline crossing at 13.78 is the next upside target. Multiple closes below the 20-day moving average crossing at 12.51 are needed to confirm that a short-term top has been posted.

March cotton closed slightly lower on Monday due to profit taking but remains above the 20-day moving average crossing at 49.10. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 50.00 are needed to confirm that a short-term top has been posted. If March renews this year's rally, the 25% retracement level of last year's decline crossing at 54.53 is the next upside target.

GRAINS

March Corn closed up 1/4-cents at 3.77 1/2.

March corn closed fractionally higher on Monday as it consolidates above the 10-day moving average crossing at 3.73 3/4. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are diverging and are turning bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 3.77 1/2 are needed to confirm that a short-term low has been posted. If March renews this year's decline, the 62% retracement level of the December- January rally crossing at 3.52 3/4 is the next downside target. First resistance is the 20-day moving average crossing at 3.77 1/2. Second resistance is the January 27th gap crossing at 3.92. First support is last Wednesday's low crossing at 3.56. Second support is the 62% retracement level of the December-January rally crossing at 3.52 3/4.

March wheat closed up 8-cents at 5.65.

March wheat closed higher on Monday as it extends last Thursday's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold, diverging and are turning bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 5.69 3/4 are needed confirm that a short-term low has been posted. If March extends last week's decline, the reaction low crossing at 5.18 is the next downside target.

March Kansas City Wheat closed up 8 1/2-cents at 5.95.

Kansas City Wheat closed higher on Monday as it extended last week's rally. Profit taking tempered early gains and the low- range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 5.98 1/2 are needed to confirm that a short-term low has been posted. If March extends last week's decline, the 62% retracement level of the December-January rally crossing at 5.65 1/2 is the next downside target.

March Minneapolis wheat closed up 3 1/2-cents at 6.58 1/4.

March Minneapolis wheat closed higher on Monday and above the 10-day moving average crossing at 6.54 signaling that a short-term low has been posted. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near- term. From a broad perspective, March is range bound and needs to close above 6.85 3/4 or below 6.24 1/2 to confirm a breakout.

SOYBEAN COMPLEX

March soybeans closed up 1-cent at 10.02.

March soybeans closed higher on Monday as it extended last Friday's breakout above the 20-day moving average crossing at

9.85 1/2. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Tuesday.

Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends the rally, January's high crossing at 10.40 is the next upside target. Closes below the 10-day moving average crossing at 9.74 3/4 would temper the near-term friendly outlook in the market.

March soybean meal closed down $3.50 at $313.80.

March soybean meal closed lower on Monday due to profit taking as it consolidated some of last Friday's rally but remains above the 10-day moving average. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If March extends last week's rally, January's high crossing at 326.00 is the next upside target. Closes below last week's low crossing at 297.50 would confirm that a short- term has been posted.

March soybean oil closed up 83 pts. at 34.23.

March soybean oil gapped up and closed above the 20-day moving average crossing at 33.40 on Monday confirming that a low has been posted. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If March extends today's rally, gap resistance crossing at 36.00 is the next upside target. Closes below the 10-day moving average crossing at

32.71 would confirm that a short-term top has been posted.

LIVESTOCK

April hogs closed down $0.32 at $60.07.

April hogs closed lower on Monday as it extends last week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If April extends this year's decline, weekly support crossing at 58.38 is the next downside target. Closes above the 20-day moving average crossing at 63.42 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 61.17. Second resistance is the 20-day moving average crossing at 63.42. First support is last Thursday's low crossing at 59.85. Second support is weekly support crossing at 58.38.

February bellies closed down $1.97 at $77.02.

February bellies closed sharply lower on Monday as it extends last week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If February extends today's decline, weekly support crossing at 75.50 is the next downside target. Closes above the reaction high crossing at 83.30 are needed to confirm that a bottom has been posted.

April cattle closed up $1.05 at 87.75.

April cattle closed higher on Monday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If April extends today's rally, the reaction high crossing at 88.30 is the next upside target. Closes below the 10-day moving average crossing at 85.81 would confirm that a short-term top has been posted.

March feeder cattle closed up $1.20 at $95.55.

March Feeder cattle closed higher on Monday as it extends last week's rally and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near- term. If March extends today's rally, January's high crossing at 97.90 is the next upside target. Closes below the 10-day moving average crossing at 92.73 would confirm that a short-term top has been posted.

____________________________________...

E X T R E M E F U T U R E S

____________________________________...

WINNERS

BCX.V09 CBOT SOYBEAN CRUSH INDEX Oct 2009 69.25 5.75 +9.06

NIX.M09 10 YEAR INT RATE SWAP (IMPLIED YLD) Jun 2009 3.27990 0.11338 +3.58

NGX.H09 5 YEAR INT RATE SWAP (IMPLIED YLD) Mar 2009 2.66803 0.08926 +3.46

DA.X09 MILK CLASS III Nov 2009 14.74 0.39 +2.72

LB.H10 LUMBER (RANDOM LENGTH) Mar 2010 205.0 5.0 +2.50

RR.H09 ROUGH RICE Mar 2009 13.105 0.320 +2.50

BO.H09 SOYBEAN OIL Mar 2009 34.23 0.83 +2.48

LH.K10 LEAN HOGS May 2010 77.5 1.8 +2.38

RB.Y$$ CHEESE-BARRELS (SPOT) Cash 1170.0 22.5 +1.96

FC.J09 FEEDER CATTLE Apr 2009 97.350 1.825 +1.91

LOSERS

LB.H09 LUMBER (RANDOM LENGTH) Mar 2009 160.8 -6.2 -3.71

PB.Q09 FROZEN PORK BELLIES Aug 2009 76.1 -2.0 -2.56

SI.H09 SILVER Mar 2009 12.830 -0.330 -2.51

GC.M09 GOLD Jun 2009 894.6 -21.6 -2.36

NK.Z09 NIKKEI 225 INDEX Dec 2009 8195 -155 -1.86

CL.H09 CRUDE OIL Mar 2009 39.70 -0.47 -1.16

SM.H09 SOYBEAN MEAL Mar 2009 313.8 -3.5 -1.10

HG.K09 COPPER May 2009 1.6255 -0.0165 -1.02

BCX.N09 CBOT SOYBEAN CRUSH INDEX Jul 2009 55.25 -0.50 -0.90

PL.J09 PLATINUM Apr 2009 995.9 -8.4 -0.83

____________________________________...

E X T R E M E S T O C K S

____________________________________...

WINNERS

AGL ANGELICA CORP 33.74 11.74 +53.36

MTL MECHEL OAO 5.72 1.27 +28.54

GJS STRATS GOLDMAN SACHS 33 10.40 2.15 +26.06

MEOH METHANEX CORP 7.6899 1.5599 +25.45

MX METHANEX CORP 9.34 1.82 +24.20

GNPH GENESIS PHARMA ENTERPRISES 6.00 1.05 +21.21

POFCF PETROFAC LTD LONDON 7.2 1.2 +20.00

BCS.PR.C BARCLAYS BANK PLC ADR PR 4 12.90 2.13 +19.78

FLML FLAMEL TECHNOLOGIES SA 5.10 0.84 +19.72

BCS.PR BARCLAYS BANK PLC ADR PR 11.16 1.76 +18.72

LOSERS

VPHM VIROPHARMA INC 5.72 -6.49 -53.15

CHDX CHINDEX INTERNATNL INC 6.1101 -1.4599 -19.29

MCY MERCURY GENERAL CORP 34.53 -6.67 -16.19

ASF ADMINISTAFF INC 20.50 -3.16 -13.36

FBP FIRST BANCORP PUERTORICO 6.04 -0.88 -12.72

MBLX METABOLIX INC 8.68 -1.17 -11.88

CCLAY COCA COLA AMATIL LTD 11.24 -1.51 -11.84

CG CENTERRA GOLD INC 5.04 -0.66 -11.58

LNY LANDRYS RESTAURANTS INC 6.78 -0.83 -10.91

PMFG PMFG INC 7.15 -0.86 -10.74

____________________________________...

T H A N K Y O U

____________________________________...